Firi, one of the Nordic’s largest crypto-currency exchanges has expanded into Denmark with the help of Neonomics.
Neonomics has established a strong base in the country with several large customers across different industries validating the security and cost-effectiveness of open banking powered payments and data services, with the two companies working together.
After a strong 2021, Firi has successfully launched in Denmark this summer and now has 150 000 cusomers in the Nordics. The two companies have a long-standing collaboration, emerging from their roots in Norway’s increasingly vibrant fintech scene.
“Firi has made investing in crypto a much simpler and easier to understand proposition for Norwegians and we are excited to support their growth to other markets by working closely to evolve our platform and products to meet their needs.”Christoffer Andvig, CEO and founder of Neonomics
Open banking enables a user to directly and securely access their bank account in-app to initiate payments directly from their account, all within the security architecture of their bank.
Speaking on the collaboration, Thuc Hoang CEO and founder of Firi said “We have worked closely with Neonomics, leveraging the efficiencies of open banking to make it easier for our customers to engage with our platform. We are barely scratching the surface of what is possible through this collaboration, our joint aim is to deliver even more efficient user experiences and work together to deliver even more value to our customers.”
Firi is a Nordic cryptocurrency exchange, where you can sell and buy crypto, such as bitcoin, ethereum and cardano. Firi was founded by Thuc Tuan Hoang and Øyvind Kvanes in 2017, as they experienced the need for a local crypto exchange. Thuc and Øyvind contacted the most talented people they knew in the tech industry: Developers Steffen Eriksen, Kien Vu, Cong-Nguyen Nguyen and André Høøk, UX designers Maren Kleppan and Amanda Hammarberg and business developer Hoang Minh Trinh. The team spent all of their free hours from 2018 to 2021 building together what is today the largest service for trading cryptocurrencies in the Nordic region. Today, more than 130,000 Norwegians use Firi, and our team consists of approximately than 60 people.
Neonomics is an open banking disruptor unifying access to over 2500 banks and 150 million bank customers across Europe via one of the most secure and cost-efficient pure PSD2 API platforms in the market. Founded and headquartered in Oslo, Norway in 2017, the company currently has a growing highly technical team representing 25 different nationalities with close to 40% being female. Authorized by the Norwegian FSA as a licensed payment institution the company is delivering payments initiation and account information services to a wide range of customers spanning FinTechs, payment service providers, banks and more.